Total System Services (NYSE:TSS) had its target price upped by stock analysts at Nomura from $87.00 to $95.00 in a research note issued to investors on Wednesday. The firm currently has a “buy” rating on the credit services provider’s stock. Nomura’s target price would suggest a potential upside of 8.85% from the company’s current price.
Other equities analysts also recently issued reports about the company. Robert W. Baird restated a “buy” rating on shares of Total System Services in a research note on Tuesday, September 26th. Royal Bank of Canada restated a “buy” rating and issued a $75.00 target price on shares of Total System Services in a research note on Friday, September 29th. Citigroup lifted their target price on Total System Services from $71.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, October 25th. KeyCorp restated a “buy” rating and issued a $85.00 target price on shares of Total System Services in a research note on Friday, December 15th. Finally, Zacks Investment Research upgraded Total System Services from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a research note on Friday, December 15th. One analyst has rated the stock with a sell rating, twelve have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. Total System Services currently has an average rating of “Buy” and an average price target of $81.08.
Shares of Total System Services (NYSE:TSS) traded up $3.36 during mid-day trading on Wednesday, reaching $87.28. The company’s stock had a trading volume of 3,050,000 shares, compared to its average volume of 1,170,000. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.03 and a current ratio of 1.03. Total System Services has a 12 month low of $49.98 and a 12 month high of $87.96. The firm has a market capitalization of $16,080.00, a P/E ratio of 38.79, a P/E/G ratio of 1.87 and a beta of 1.10.
In other news, EVP Patricia A. Watson sold 23,608 shares of Total System Services stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $74.01, for a total transaction of $1,747,228.08. Following the sale, the executive vice president now owns 21,112 shares of the company’s stock, valued at $1,562,499.12. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 2.60% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Acadian Asset Management LLC bought a new stake in Total System Services during the fourth quarter worth approximately $109,000. TLP Group LLC bought a new stake in Total System Services during the second quarter worth approximately $122,000. Cahaba Wealth Management Inc. bought a new stake in Total System Services during the fourth quarter worth approximately $208,000. Parkwood LLC bought a new stake in Total System Services during the third quarter worth approximately $200,000. Finally, Reliance Trust Co. bought a new stake in Total System Services during the third quarter worth approximately $211,000. 76.02% of the stock is currently owned by hedge funds and other institutional investors.
TRADEMARK VIOLATION NOTICE: This article was first posted by American Market News and is the property of of American Market News. If you are reading this article on another publication, it was copied illegally and reposted in violation of US and international copyright laws. The original version of this article can be read at https://www.americanbankingnews.com/2018/01/24/total-system-services-tss-pt-raised-to-95-00.html.
About Total System Services
Total System Services, Inc (TSYS) is a payment solutions provider that provides payment processing services, merchant services and related payment services to financial and non-financial institutions. The Company’s segments include North America Services, Merchant Services, NetSpend and International Services.
